---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-021604"
form_type: "8-K"
ticker: "GLGI"
cik: "0001088413"
company_name: "GREYSTONE LOGISTICS, INC."
filed_at: "2021-08-31T23:59:59+00:00"
generated_at: "2026-06-29T06:39:29.666488+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Greystone Logistics FY2021 EPS $0.11, down from $0.15; sales fall 15% to $64.9M

## Summary
- Net income available to common stockholders $3.03M ($0.11 EPS), down from $4.30M ($0.15 EPS) prior year.
- Sales $64.9M, down 15% from $76.2M due to customer providing own raw materials for certain pallets.
- EBITDA $12.08M vs $12.15M; total net income $3.63M, prior year included $1.4M valuation allowance benefit.
- Debt reduced by $5.87M; $3.03M PPP loan forgiven in June 2021, increasing equity.
- CEO expects Q1 FY2022 operational challenges from COVID/labor/plastic costs, but strong pallet demand supports positive rest of year.

## SEC filing metadata
- accession: 0001493152-21-021604
- form_type: 8-K
- ticker: GLGI
- cik: 0001088413
- company_name: GREYSTONE LOGISTICS, INC.
- filed_at: 2021-08-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1088413/000149315221021604/0001493152-21-021604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1088413/000149315221021604/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-021604
- JSON: https://secwatch.observer/filing/0001493152-21-021604.json
- Plain text: https://secwatch.observer/filing/0001493152-21-021604.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.